Citi reduces home loan rate to 8.8% from 9.5%

“The reduction in the home loan rate is reflective of our commitment to consumers who may be interested in purchasing under-construction or ready-to-move-in property,” Rohit Ranjan, Head of Secured Lending, Citi India said.Saloni Shukla | ET Bureau | January 06, 2017, 15:29 IST

MUMBAI: Citi India today announced it will reduce its home loan rate to 8.80 percent from 9.50 percent, effective January 9, 2017.

“The reduction in the home loan rate is reflective of our commitment to consumers who may be interested in purchasing under-construction or ready-to-move-in property,” Rohit Ranjan, Head of Secured Lending, Citi India said.

The final pricing on the loan will be based on the loan amount, product or facility type offered, and internal Citi loan risk assessment parameters.